Small Pty Ltd is an SBE business taxpayer that leases most of its assets. However, Small Pty Ltd acquired the following assets during the year.
Asset A was acquired on July of current year. It has a life expectancy of years and cost $
Asset B which was bought on November CY at the cost $ It has a life expectancy of years.
Asset C was bought on December CY at a cost of $ It has a life expectancy of years.
Asset D bought on August CY for $ and the asset has an effective life of years.
State ALL the answers that are CORRECT.
Small Pty Ltd will be able to write off immediately Assets A and B
Small Pty Ltd can allocate both Assets A and B to a LowValue Pool and depreciate them at
Small Pty Ltd can create a single pool and place Asset C and D into that pool and claim depreciation at the rate of for the current year.
Small Pty Ltd can create a single pool and place Asset C and D into that pool and claim depreciation at the rate of for the current year.
